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ESG Report Interpretation | Wharf Group (00004) Releases 2023 ESG Report Adhering to the Mission of “Creating Tomorrow” to Achieve Sustainable Development
Recently, the Wharf Group (00004) released the 2023 Sustainability Report, reaffirming the Group's policies and commitments, and sharing its sustainability measures for the reporting year.
WHARF HOLDINGS: Annual Report 2023
The Wharf (Holdings) Limited Goes Ex Dividend Today
Big Bank Rating | DBS: Raising the target price of the Wharf Group to HK$25.5, we can wait for a better market entry point
Glonghui, March 15 | DBS published a research report saying that the luxury property reserves in Wharf may bring considerable returns to the company in the medium to long term, and reconstruction in other regions can also release its land value. Furthermore, the Group is planning to sell its luxury homes, which will become a key catalyst for medium term profits. However, DBS mentioned that the stock price of Wharf has surged 51% over the past six months, outperforming the market by a large margin. From a historical perspective, the stock's attractiveness has declined; it is time to wait for a better market entry point, and its rating was downgraded from “buy” to “hold”, and the target price was raised from HK$23.5 to HK$25.5.
Big Bank Rating | Damo: Lowering Wharf Group's bull market target price to HK$30.5 to “reduce holdings”
Glonghui, March 15 | Morgan Stanley issued a report lowering the Wharf Group's bull market target price from HK$31.5 to HK$30.5, with a rating of “reduced holdings”; the basic scenario target price remained at HK$19. The report explains that the prospects for Jiucang's major businesses, including mainland property development and investment properties, Hong Kong luxury homes, and logistics business, are full of challenges. Among them, the mainland property development business may face further depreciation, while contract sales are slowly recovering. Damo cut Jiucang's earnings estimates per share by 7% and 1% respectively for this year and next two years, mainly due to delays in the launch of the Beacon Hill project and the opening of mainland properties
Changes in Hong Kong stocks | Wharf Group (00004) fell more than 4% last year, property and port business were weak, and Goldman Sachs maintained a “sale and sale” rating
The Wharf Group (00004) fell by more than 4%. At press time, it was down 4.64% to HK$26.7, with a turnover of HK$10.563 million.
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